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Steel Connect is a $120mm market cap special situation, with activist investors awaiting the company's strategic review. STCN has $2.00-3.00 per share of hidden value in the company's $2.1 billion of net operating losses (NOLs). The largest shareholder Steel Partners (SPLP) has pr...
STENNIS SPACE CENTER, Miss., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne and NASA are gearing up for a new phase of RS-25 hot-fire testing that will validate new components for the engine, which powers the core stage of the agency’s Space Launch System super heavy-lift explo...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Sizing up stocks on Inauguration DayLast minute preparations are underway in heavily fortified D.C., where Joe Biden will be sworn in as the 46th President...
Houston, we have a problem... The first flight planned for NASA's Space Launch System didn't go as planned over the weekend and the space agency is now debating what to do. SLS, about 10 years in development and billions of dollars over budget, is key to plans to send people to the surface of...
Boeing (BA) and NASA suffered a potentially major setback in their deep space ambitions when the engines for a giant new rocket shut down prematurely Saturday during a key test.The Space Launch System's four Aerojet Rocketdyne (AJRD) RS-25 engines were supposed to remain ignited for eight min...
Cathie Wood's Ark Investment Management is looking to blast off into space after a parabolic 2020. Massive inflows were seen at the once-niche firm this past year, which now oversees about $41.5B in ETF products.On tap: The ARK Space Exploration ETF (ARKX), an actively managed ETF that will p...
Lockheed Martin to buy Aerojet Rocketdyne for $56 cash consideration. 6% gross spread and annualized return of 8% if the deal closes in September. The hypersonic propulsion and space technologies are key for Lockheed. For further details see: Aerojet Rocketdyne: A Strate...
Aerojet Rocketdyne (NYSE: AJRD) has completed the construction of the first in its next-generation AR1 engine series. Nevertheless, the company currently does not have a customer and does not plan to test fire it for another two years. The company a...
Aerojet Rocketdyne (AJRD) cut to hold from buy at Jefferies after Lockheed Martin (LMT) agreed to purchase the company in December for $56/share.Expects deal will close after a ``lengthy'' review and a higher bid is unlikelyLMT was likely only ``realistic'' bidder given overlap with AJRD and ...
STENNIS SPACE CENTER, Miss., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Four Aerojet Rocketdyne RS-25 engines are being targeted to hot fire in unison for the first time on Jan. 17 as part of NASA’s Space Launch System (SLS) Green Run test series. These engines will power the SLS rocket a...
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Madison Square Garden Sports Set to Join S&P SmallCap 600 Madison Square Garden Sports Set to Join S&P SmallCap 600 PR Newswire NEW YORK , July 27, 2023 /PRNewswire/ -- Madison Square Garden Sports Corp. (NYSE:MSGS) will replace Aerojet Rocketdyne Hol...
HUNTSVILLE, Ala., July 10, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has successfully developed and static-fire tested the Zeus 1, an advanced stage 1 Large Solid Rocket Motor (LSRM) for Kratos. The motor met or exceeded performance expectations. “Congratulations to the Aeroje...
STENNIS SPACE CENTER, Miss., June 23, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne and NASA completed a certification test series yesterday for the new RS-25 production engines that will propel NASA’s Space Launch System (SLS) exploration rocket for Artemis missions, beginning with Artemis&...